The militant organisation could be offered a compromise: more financial security in return for loosening their hold on Gazaby Josh Lowe / August 1, 2014 / Leave a comment
As Israel and Hamas continue their struggle over the Gaza Strip, diverse international forces watch closely. Both sides in this conflict depend on complex webs of diplomatic relationships, both for moral support and, more pressingly, for financial backing.
I spoke with Shashank Joshi, a Middle East and Asia expert at the Royal United Services Institute (RUSI), to get his take on how the current crisis is likely to play out for Hamas’s finances, and the fortunes of its backers.
Where does Hamas’s funding come from?
Turkey and Qatar are the most prominent backers, but I’m not sure if that’s where the majority of their revenue comes from. For many years much of their revenue has come from taxing the movement of goods; notably the goods that go through the smuggling tunnels underneath the Rafah crossing and that area with Egypt. [They also get] a lot of indigenous revenue, it’s not just all flown from the outside. But Gaza’s economy is so small that it only provides a certain amount.